Bo

Bo

15-minute candlestick chart of expiring November Orange Juice futures Price jab downwards accompanied by volume Followed by dramatic 10 cent price rise in final moments of trading day Just before First Notice Day

Bo

long term support and seasonal setup

Bo

Perfect touchpoints in a descending coil, punctuated by Tuesday's opening volume burst while notching new contract lows and then recovering.

Bo

Bollinger tightness, appropriate deep pullback, oats a harbinger signalling a go, WASDE report tomorrow, frost worries... Take your pick, maybe even a trade war truce?

Bo

Actually, quite similar to the coffee chart previously published, in that the soybean meal has experienced deep correction down followed by a range where Bollinger Band width narrows. WASDE report tomorrow most definitely will provide impulse power that may propel price up into acceleration gap corridors. Tonight looks firm after today's weakness. Buying at the...

Bo Updated 

Coffee price has declined the deep Fib retrace level and nested in the arms of the centerline of linear regression channel. Also a Schiff fork tine appropriately supports price here now. Downright dreadful wails of surplus, overproduction and crop abundance combined with currency fiasco provide a contrarian context for reversal propulsion surprise. To quote...

Bo

A huge symmetrical pattern on the 6-month candlebar scale suggests that this is particular price vicinity where a reversal to higher ground may be warranted. Admittedly, the half year time scale is quite broad. However, the weekly chart shows candle pattern reversal in progress right now.

Bo

The linear regression channel from the beginning of the year has finally been punctured on a closing basis. Additionally, today's reversal pullback serves to test the breakout area at the upper boundary. Classic expectation is for immediate resumption of breakout direction up. Parabolic SAR dots and Klinger oscillator both agree at this stage. Am of the opinion...

Bo

The fundamentalists and weather traders are all unanimously bearish. Now, that's bullish!

Bo

SImilar to the Peso, fundamentally, US would benefit from currency rise in both major trading partners.

Bo

Senor Carlos Slim will negotiate a positive future for Mexico and United States. A new dawn.

Bo

Price appears to honor symmetry of top pattern, resisting at center regression line and finally letting go as right wing extension time concludes. Now will the descent match the previous ascent?

Bo

Recent Moody upgrade of Mexico to coveted "A" rating gives it legs. Looks like cycle, double top type formation is completing. Mexican Peso now around 7.5 cents US. I'm looking for 8 cents. So, USD/MEX down.

Bo

Excitement here. Bull needs to be fed, but have we run out of hay? Most interesting Friday reversal.